Question

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The cost of a generator is Rs. 1,60,000. If its value depreciates at the reate of 5% per annum, what will be its value after:
a) 2 years.
b) 3 years.


Please give me the solution of this with step by step explaination.​

Answer 1

Answer:

Step-by-step explanation:

Now the price is 160000

1 year depreciation is five %

Hence in 1 year price will become (95/100) of initial

So for 2 years

Amt = 160000 x (95/100)^2

Ans 144400

And for 3 years

A= 160000 x (95/100)^3

answer. 137180